Thursday, July 06, 2006

"Cheato Lay"

I despise The New York Post, but their headline about the demise of Ken Lay cracked me up.
"Cheato Lay"? who comes up with that shit?

Perhaps they're right. Perhaps Lay was the ultimate weasel. Check this out from the NYT:

In yet another bizarre twist to the Enron saga, the sudden death of Kenneth L. Lay on Wednesday may have spared his survivors financial ruin. Mr. Lay's death effectively voids the guilty verdict against him, temporarily thwarting the federal government's efforts to seize his remaining real estate and financial assets, legal experts say.
"The death of Mr. Lay in all likelihood will render the government's hard-fought victory null," said Christopher Bebel, a former federal prosecutor based here who specializes in securities fraud.
But while the death of Mr. Lay may have limited government efforts in his criminal case, he remains the subject of civil lawsuits by the Securities and Exchange Commission and former investors and Enron employees. Those lawsuits could still proceed, with the aim of taking control of some of Mr. Lay's remaining assets.
Unbelievable. By the way, has there been an autopsy?

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